LONDON: The world’s biggest asset manager BlackRock has pumped about 16 billion euros (US$18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters. Companies across the world […]
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SAN FRANCISCO: Facebook on Monday (Jun 15) added a digital payments feature to its WhatsApp messaging service, starting in Brazil but with an eye to expanding around the world. WhatsApp users in Brazil can use the encrypted mobile messaging service to send money or make purchases, Facebook said in a […]
HONG KONG: Hong Kong’s Disneyland theme park said on Monday (Jun 15) it will reopen on Jun 18 to a reduced number of visitors and with enhanced health measures after the COVID-19 outbreak forced it to close in late January. The city has reported only a handful of new cases […]
Volkswagen AG’s Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for “preparation and training eyeing a gradual start further ahead,” the company said in a statement on Sunday. MEXICO CITY: Volkswagen AG’s Mexican unit will begin sending workers back to […]
SINGAPORE: Singapore’s unemployment rate climbed to its highest in a decade and total employment fell to a record low in the first quarter of this year, as the labour market felt the early effects of COVID-19. According to the latest labour market report released by the Ministry of Manpower (MOM) […]
More than one million people have fallen through cracks in government schemes designed to support them during the coronavirus crisis, MPs says. The Treasury Select Committee called on ministers to plug gaps in the schemes to fulfil the government’s promise of “doing whatever it takes”. Freelancers and recent employees are […]
Amid brewing Sino-US tensions, economic distancing from China would carry heavy costs, says ANU’s Shiro Armstrong. An overview of Shenzhen. SYDNEY: The health and economic crises from the coronavirus are unlike anything the world has experienced since the Great Depression and World War II. The global community is at […]
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan. WASHINGTON: Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the US economy, Dallas Federal Reserve President Robert Kaplan said on Sunday (Jun 14). “A more inclusive economy where everyone has an opportunity will […]
TOKYO: An explosion was reported at Honda Motor’s plant in central Japan, police said on Sunday (Jun 14), with two workers sent to the hospital with burns. The explosion at a switchboard occurred at around 9.15am local time (8.15am Singapore time) in Honda’s plant in Suzuka city, Mie prefecture, an […]
FIRA: From the emblematic island of Santorini, Greek Prime Minister Kyriakos Mitsotakis said on Saturday (Jun 13) that Greece is “ready to welcome tourists” in complete safety after the coronavirus lockdown, whose impact on tourism will be “significant”. “Greek tourism is back,” said Mitsotakis, two days before the reopening of […]